Stats: 3,189,286 members, 7,936,874 topics. Date: Sunday, 01 September 2024 at 06:07 AM |
Nairaland Forum / Nairaland / General / Politics / Amaechi On Loan: China Can Seize Assets If Nigeria Defaults (38068 Views)
Amaechi On Okada Ban In Lagos: Sanwo-olu Acted Based On Public Interest / Osinbajo: FG Can Seize Assets Even Without Corruption Allegation / Lagos Ibadan Railway. Amaechi On A Train Ride To Abeokuta On New Coaches. PICS (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (Reply) (Go Down)
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by Camelo: 1:01pm On Jul 30, 2020 |
I had from reliable source that Abuja train station does not generate enough money to run and maintain and Govt still pump in money there monthly to supplement the ones they generate.I wonder how they will repay this loan with this kind of looting going on.Nigeria is a failed state simple..... 1 Like |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by Nobody: 1:02pm On Jul 30, 2020 |
May Nigeria never become like Venezuela who despite the fact that they have crude oil..corruption within the government had made them the poverty capital of the world... Oh Lord, do sth surprising in this country that those corrupt politicians will be put to shame... |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by DNSPro: 1:03pm On Jul 30, 2020 |
pafra:If they get security right, stable policies that are favorable to investors, bros, na investors go carry their money come and invest but would they do so under current wahala? NO! Lagos state killed Go kada or ORIDE for instance... would u want to invest in such a country? NO! I know of 2 Nigerian men who took their money to other african countries instead of the land of their birth... make una dey mumu dey go |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by BennyDGreat: 1:04pm On Jul 30, 2020 |
pafra: Until they stop politicising the security of the nation, there can be no effective diversification. They must altogether stop looting the treasury. These guyz have enough and still loot..ahhh |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by geoffez: 1:04pm On Jul 30, 2020 |
When you talk some cows will say ipob,I think they're swing there mumu now?.How did we even get here at the first place?,GEJ run this country and never borrowed for any infrastructure and build alot of things,now this government couldn't show forth anything and stillborowing money for an unseen or unkown project. If you ever criticize this post,you're worsth a fool than them |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by Farki: 1:04pm On Jul 30, 2020 |
It is finished, Nigeria is being colonised again. ![]() I must leave this shit hole run by idiots by force. |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by oluwasegun007(m): 1:05pm On Jul 30, 2020 |
Can't they arrest the president if we default... That's why he's the president. |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by Elvictor: 1:06pm On Jul 30, 2020 |
distrust have made people not to be able to assimilate a thing out of what it was written, I laugh when someone mentioned the money is too big to construct such railway... hahaha.. Nigerians ehnn ... Amaechi has his own plans... he is doing his job the way he feel it can be done! if he stop this project the same people will be the one cursing him, he can decide to enjoy the benefits of being a Minister without doing anything like the others. the same people will rant, Nigerians continue ranting and ranting without encouraging someone who is trying to help. We are shouting sovereignty as if we have sovereign again, apart from crude oil point another economy dominance ona get for ona country 1 Like |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by Ategberoson(m): 1:08pm On Jul 30, 2020 |
pafra: are you close to the govt to be sure it won't be embezzle or what exactly is this your gibberish you're ignorantly seeing as a point ? |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by Excuses: 1:10pm On Jul 30, 2020 |
Sunmolar: Had it been the ajaokuta steel company was in the north i bet should be working by now,it's promise upon promise! Buhari, the guy is too sentimental.. |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by UnusualJhay(m): 1:14pm On Jul 30, 2020 |
AKPATA IS COMING NBA 2020 ![]() |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by webizone(m): 1:15pm On Jul 30, 2020 |
pafra: Why is Nigeria a mono economy up till now? Is it that we are not blessed with diverse natural resources or with brilliant people? |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by pafra(m): 1:15pm On Jul 30, 2020 |
Ategberoson: I am not close to the government. But I notice complete train station and many of the stations name after prominent Nigeria. The government is not doing well for sure but on borrowing for critical infrastructure like railway with proves I don't see anything bad |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by kayjay69(m): 1:16pm On Jul 30, 2020 |
Are you a paid commenter or are you in love with the party of the day? If you do not believe that corruption exists in Nigeria and it is the bane of our present society, if its yes to these three questions, don't bother responding to this. If no to the above then I'll pretend you are ignorant on what has been happening in this country since its inception. So much so that you trust politicians and whatever BS contract figures they throw around. I know enough to know that the contract is over-inflated. You want proof, do your own research as I have, google.com to your rescue and you'll have some guidance as to what the approximate actual figures ought to be. I am not saying the project is not needed. I am not saying all politicians around the world are not corrupt. I am saying our mode of corruption in this part of the world is very archaic and destructive. That contract, just like all large scale contracts awarded in this country (I can name many but do your own research) are over inflated, the money for this one project can certainly be used for more than one project. The real chopping should not be in over-inflating contracts it should be in the money realised from the project itself. I honestly wish our leaders would have an unsaid rule about projects: execute it flawlessly, within a good timeframe and at a low cost then steal the proceeds realised from the project. For example, such a railroad project will generate billions in revenue over the years to come, if only our politicians would steal from the revenue. Nigeria is so underdeveloped that we have so many projects we are yet to undertake, so many. We can use these monies we are borrowing to execute alot of projects that will lift millions of people out of poverty and that will help us attract the type of Foreign Direct Investment we need. That way everyone benefits, everyone is happy. But no, we are so bleeping backwards, compared to the rest of the world, that we need like 30 of such large scale railroad projects to even have a chance at being at a competitive country (read the vision 2020 document by Accenture prepared during Obasanjo's administration). As for how splitting the country helps us. The only reason for mass corruption on every scale is easy access to oil money at every level of government coupled with gullible, nonchalant citizens. You split the country you leave the SS to worry about their oil and be rest assured the ones who have the oil are not usually the ones that turn out to be best as you can see all around the world today. This will not automatically eliminate corruption in new regions formed but atleast it helps people in their respective regions fight against their individual govt free of tribalism, free of religious bias. wirinet: 3 Likes |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by pafra(m): 1:17pm On Jul 30, 2020 |
webizone: You are right on this. |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by joyandfaith: 1:17pm On Jul 30, 2020 |
abduljabbar4: enemy of my enemy is my friend. do u think muslims can practice Islam freely as being done in west.china has too many mouths to feed they are coming to colonize africans. for every 7 persons living earth, 1 is chinese. if Africa is not careful , china would do what germany under Hitler plan for Africa- farmlands. |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by lokoloko84(m): 1:19pm On Jul 30, 2020 |
Bar1941:Dumb comment! |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by webizone(m): 1:19pm On Jul 30, 2020 |
pafra: Then, we have to criticize the government. This government is powerful enough to reach into the bank accounts of its citizens to deduct money, this power cannot be found in developed countries. So what is going on? |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by SenecaTheYonger: 1:21pm On Jul 30, 2020 |
Let nobody come here and act surprise. You are begging china to forgive your loan. Are you crazy? You think China is America or what? Watch how they will collect a lot of countries in Africa, including Nigeria and start making policies that affect us. Just watch. Useless leaders. I curse all of them They will never find peace even when they die. |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by joyandfaith: 1:22pm On Jul 30, 2020 |
Sunmolar: if Ajaokuta steel is developed, unemployment will drop to barest minimum. but which nation is ready to finance our steel industry without electricity? |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by Dpearlz: 1:27pm On Jul 30, 2020 |
Elvictor: Yes I understand your point of view. But my definition of critical projects is one that will bring these benefits ASAP. - Reduce Food Shortages - Reduce Unemployment - Reduce Poverty - Increase Nigeria's GDP per capita - Reduce Crime (by reducing the number of idle people). Of that project and the once I listed as what they should focus on, which will yield the faster result? We can Use the roads for now but maintain them properly until we can sort these pressing needs out. |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by cooltola(m): 1:28pm On Jul 30, 2020 |
Blaming Buhari as the cause of Nigeria problem is just ignorant. When it comes to stealing of national cake, APC is PDP. It does not matter who won or who is power, they are corrupt. There is not even one credible politician in power that is not corrupt and that is where the most problems start. To find a Nigerian politician that is not corrupt is a very rare phenomenon 1 Like |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by webizone(m): 1:31pm On Jul 30, 2020 |
Bar1941: Guy, imagine being a landlord. Okay, I come to your house and live in it. At the end of the year, you Mr. Landlord pays me rent for living in your house. Meanwhile your wife and children are hungry and sick, and you can't take care of them. All while your fellow landlords are driving the latest cars and their families are enjoying. You know what's more? I can wake up one morning and tell you to sweep my door front and add steps there. Judging by your comment, I guess you will like this type of arrangement. And this is an example why ignorance is dangerous in our times. |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by webizone(m): 1:32pm On Jul 30, 2020 |
Dpearlz: Gbam! |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by pafra(m): 1:34pm On Jul 30, 2020 |
webizone: All funds on litigation with efcc and icpc that have been frozen can be borrowed by the FG use it for some of the infrastructure then later pay back when this cases are lost by the FG. |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by webizone(m): 1:35pm On Jul 30, 2020 |
cooltola: Ha ha ha. Nobody will blame Buhari if he didn't put himself in trouble. You saw Nigeria's problem and you know you couldn't solve it, why take the slack? 2. Ok maybe you can solve an aspect, why not transparently dissolve powers to strengthen institutions that can take on other aspects? 2 Likes |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by Faithful4real(m): 1:37pm On Jul 30, 2020 |
@jedisco I have said it before you can never trust the Chinese government. |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by Excuses: 1:38pm On Jul 30, 2020 |
stevnwigw1: Bro am not a prof. but let me try. The only way Nigeria can enhance its economy and move forward right now is diversification & drastic reduction of spending on fixed assets of governance and government. Now the only source of revenue generation for the country is crude oil,these crude oil is prized low at the international market a,among competiting commodities of other nations,now that plenty nations have no need for it cos of alternative sources of energy it's value has drop. The essence of diversification is to reduce dependency on a single source of revenue & the risk that comes with it,which is were we're. Naira can only appreciate against the dollar if and only if, we are exporting more than we are importing. And by exporting i mean high valuables commodities other nations of the world need for survival. Lastly government will relieve itself of spending and maintenance of national assets by way of privatization to be managed by individuals e.g sea ports,air ports,nnpc.. Hence the government can only focus on infrastructural development and running of government and not spending on government.. 3 Likes |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by RTSC: 1:40pm On Jul 30, 2020 |
Charleys:You think the Chinese are born fools? They are already calculating how many decades of free oil they would get from Nigeria. |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by Cantonese: 1:41pm On Jul 30, 2020 |
You have a performing governor in Edo state. A proven technocrat yet some are here chanting the name of a wrong person to the high heaven and wanting him to win. That is the same situation at the federal level. The future of the so called masses is mortgaged by leaders who borrow money to keep for their own children. No una sabi. 1 Like |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by webizone(m): 1:42pm On Jul 30, 2020 |
pafra: You miss my point. Let me elaborate. I am saying since the government is powerful enough to overreach, there should be little to nothing stopping it in a bid to diversify/restructure the economy. If it would affect the revenues of a few big guns who are solely heavily invested in oil, so be it, for the survival of the country. Unless, the big guns are government, who are then overreaching into our accounts still. |
Re: Amaechi On Loan: China Can Seize Assets If Nigeria Defaults by UDOKABESTLUV(m): 1:44pm On Jul 30, 2020 |
Nawa o |
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (Reply)
PDP Rejects N151 Fuel Price, Slams APC. APC Fires Back / President Buhari Receives Newly Elected Officers In Aso Rock (Photos) / Kenneth Okonkwo Joins Politics, Declares For House Of Reps
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 65 |